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Wattle Glen, VIC 3096
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,055,000
market range $1M-$1.1M
Median Unit
$295,000
list-price estimate
Gross Yield (houses)
4.1%
1yr Growth (houses)
+1.7%
market range -2.5% to +5.0%
Investment snapshot for Wattle Glen
Wattle Glen has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wattle Glen market and investor summary
In Wattle Glen, VIC 3096, the median house sells for around $1.1M, on a gross rental yield of 4.1% for houses. House prices have moved +1.7% over the past year and +18.1% over three years. At 3.0% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.1% is neither a standout cashflow play nor a pure growth bet.
Living in Wattle Glen: people, income and schools
Wattle Glen is home to around 1,911 people, a number that has held fairly steady over five years. At a median age of 42, it reads as skewed a little older, and 94% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $126,000 a year (about $2,430 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.4 times local household income, in line with much of metropolitan Australia. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
Families have 15 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Wattle Glen sits about 25 km from the CBD. It is fairly car-dependent; the suburb scores 18 for walkability and 26 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 1,911
- +2% over 5yr
- Median age
- 42 years
- Median household income
- $126,000/yr
- Households renting
- 6%
- Family households
- 51%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 15
- avg ICSEA 1039
- Unemployment
- 2.2%
- Distance to CBD
- 25 km
- Walk score
- 18/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wattle Glen
View all →Frequently asked questions about Wattle Glen
What should I check before investing in Wattle Glen?
Wattle Glen has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.1% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Wattle Glen?
The median property price in Wattle Glen, VIC 3096 is $1.1M for houses.
What rental yield does Wattle Glen show?
The gross rental yield in Wattle Glen is 4.1% for houses and 2.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Wattle Glen?
House prices in Wattle Glen are up 1.7% over the past year and up 18.1% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Wattle Glen?
The current vacancy rate in Wattle Glen is 3.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Wattle Glen?
Wattle Glen has a population of approximately 1,911 residents, with a median age of 42.
What schools are near Wattle Glen?
There are 15 schools within roughly 5km of Wattle Glen. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Wattle Glen affordable to buy in?
A median house in Wattle Glen costs about 8.4 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Wattle Glen's population growing?
The population of Wattle Glen has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Wattle Glen from the CBD?
Wattle Glen is about 25 km from the CBD.
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